The Central Bank of Nigeria (CBN) has decided to retain the Monetary Policy Rate (MPR) at 27.5%, keeping its benchmark interest rate unchanged. CBN Governor Olayemi...
The Central Bank of Nigeria (CBN) has warned banks against restricting Automated Teller Machine (ATM) withdrawals to less than N20,000 per transaction, threatening sanctions for non-compliance....
The Central Bank of Nigeria (CBN) has scrapped the three free ATM withdrawals customers used to enjoy when using other banks’ ATMs. In a circular dated...
The Central Bank of Nigeria (CBN) has issued a strong warning that it will suspend the licenses of any Bureau de Change (BDC) operators or authorised...
The Nigerian Naira strengthened against the US dollar in the official foreign exchange market on Thursday, closing at ₦1,493/$, according to data from the Central Bank...
A recent survey by the Central Bank of Nigeria (CBN) has revealed that businesses in the country faced significant challenges in December 2024. According to the...
Banks in Nigeria have commenced implementing the Central Bank of Nigeria’s (CBN) directive limiting Point-of-Sale (PoS) withdrawals to a daily maximum of ₦100,000 and a weekly...
The Central Bank of Nigeria (CBN) on Tuesday imposed penalties on nine Deposit Money Banks to the tune of N1.35 billion for not maintaining sufficient cash...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has clarified the circumstances surrounding the disengagement of 1,000 staff members and the allocation of...
The Central Bank of Nigeria (CBN) has uncovered widespread preferential treatment for VIP customers during cash disbursement by Deposit Money Banks (DMBs), leaving ordinary customers struggling...